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serg [7]
1 year ago
15

In a classic​ prisoners' dilemma​ example, Larry and​ Duncan, possible​ criminals, will get one year in prison if neither​ talks

, two years in jail if both​ talk, and if one​ talks, that one goes free while the other gets five years. ​(Note​: The payoffs are negative because they represent years in​ jail, which is a negative​ payoff.) The payoff matrix for Larry and David is illustrated to the right. Given this payoff matrix and the​ payoffs, each criminal A. will only confess if the other does. B. has an incentive to confess. C. can not determine their best response. D. does not know the payoffs. E. seeks to maximize joint payoffs.
Business
1 answer:
viktelen [127]1 year ago
5 0

Answer:

The correct answer is option B - Given this payoff matrix and the​ payoffs, each criminal has an incentive to confess.

Explanation:

The prisoner's dilemma demonstrates the tradeoffs between cooperative and non-cooperative behavior.

The two individuals are being held prisoner for the same crime. However, they are in separate cells with no possibilities of communication.

With the payoff's given in the table, the best response of player 1 is to confess whether or not player 2 chooses to cooperate. Confess is also a dominant strategy for player 2 whether or not player 1 chooses to cooperate.

Therefore, the correct answer is option B - Given this payoff matrix and the​ payoffs, each criminal has an incentive to confess.

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Answer:

sense of mission marketing

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Sense of mission marketing refers to the marketing practice that holds that a company has to define its mission in a broad social context and not just simply in product terms.  

In this case, Lakeland's employees are involved in several social projects that help local communities in all the places that the company operates.

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1 year ago
Shannon has been a member of her school newspaper club for 2 years and attends writing workshops on her free time. which career
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D graphic designer because she knows how to make papers on stuff and put it together
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1. Which of the following ratios are key components in measuring a company's operating efficiency? (You may select more than one
mrs_skeptik [129]

Answer:

Explanation:

1. c. Return on total assets checked

d. Total asset turnover checked

2) b. Debt ratio

3) d. Working capital

4) c. Accounts receivable turnover checked

8 0
1 year ago
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The standard cost of product 777 includes 2.0 units of direct materials at $6.00 per unit. During August, the company bought 29,
AfilCa [17]

Answer and Explanation:

The computation is shown below:

Total material variance = Actual quantity × Actual rate - Standard quantity × Standard rate

= 29000 × $6.3 - (16,000 units × 2) × $6

= $182,700 - $192,000

= - $9,300 favorable  

Material price variance = Actual quantity × Actual price - Actual quantity × Standard price

= (29,000 units × $6.3) - (29,000 units × $6)

= $182,700 - $174,000

= $8,700 unfavorable  

Material quantity variance =  Standard quantity × Actual quantity - Standard rate × Standard quantity  

= $6 × 29,000 units - $6 × (16,000 units × 2)

= $174,000 - $192,000

= -$18,000 favorable

The favorable is when the standard cost is more than the actual one while the unfavorable is when the standard cost is less than the actual one

8 0
1 year ago
The price of a bond with no expiration date is originally $1,000 and has a fixed annual interest payment of $150. If the price o
Lelu [443]

Answer:

16.7 percentage

Explanation:

bond price = $1000 - $100 = $900

fixed amount / bond price * 100 = IR

(150/900) * 100 = 16.7%

The reason for this equation is that interest rate is the amount a lender charges for the use of assets expressed as a percentage of the principal.

originally the price if the bond is $1000 which later falls by $100, so that leaves us to a $900 bond rate.

The interest rate is typically noted on a annual basis known as the annual percentage rate (APR).

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1 year ago
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